German Firms Fret Over Record High Euro

As the European currency continues to hit all-time highs, Germany worries it's not good for business

The euro just keeps rushing to new all-time highs against the dollar. On Thursday, the European currency was briefly worth $1.38 in the early afternoon before slipping back slightly. But while German industry on Wednesday expressed concern that a strong euro was eating into their profits and competitiveness, European officials on Thursday said there was nothing to worry about.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.